some people seem to think that its some whale actually moving the price, not the redditors, but the redditors will be blamed once the stock market crashes
Naked shorting is illegal. It's always been the hedge funds fault for breaking the law to overextend itself. Blaming anything else is pointless, they broke laws and couldnt afford the repercussions.
I think stock trading may have just changed permanently...younger retail investors realizing they can use social media platforms and Robinhood to crush Wall Street. Wonder what stock is next?!
Hedge funds have been prosecuted for this before. This might be the first time they got it back at them tho.
The redditors should be ok. Investing is fine, naked shorting is illegal. The fund was shorting naked so it will be tough to say they were innocent victims.
some people seem to think that its some whale actually moving the price, not the redditors, but the redditors will be blamed once the stock market crashes
This could actually be the case.
Naked shorting is illegal. It's always been the hedge funds fault for breaking the law to overextend itself. Blaming anything else is pointless, they broke laws and couldnt afford the repercussions.
"People are getting together and talking" I swear any minute I thought he was about to say conspiracy at the end. Hahahaha
Hedge funds have been prosecuted for this before. This might be the first time they got it back at them tho.
The redditors should be ok. Investing is fine, naked shorting is illegal. The fund was shorting naked so it will be tough to say they were innocent victims.
They're calling it the Reddit Rebellion LOL.
This is bigger than you realize dude.
Most of them are not into it for the money.
And note that when reddit can do it, Chyna can do it better with their boxcars full of dollars.
https://twitter.com/WSBConsensus/status/1354233408835219461